GB2535237A - Bitcoin technology - Google Patents

Bitcoin technology Download PDF

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Publication number
GB2535237A
GB2535237A GB1503131.3A GB201503131A GB2535237A GB 2535237 A GB2535237 A GB 2535237A GB 201503131 A GB201503131 A GB 201503131A GB 2535237 A GB2535237 A GB 2535237A
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GB
United Kingdom
Prior art keywords
bitcoin
digital
technology
currency
electronic
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Withdrawn
Application number
GB1503131.3A
Other versions
GB201503131D0 (en
Inventor
Mollah Stephen
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Individual
Original Assignee
Individual
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Individual filed Critical Individual
Publication of GB201503131D0 publication Critical patent/GB201503131D0/en
Publication of GB2535237A publication Critical patent/GB2535237A/en
Withdrawn legal-status Critical Current

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
    • G06Q20/065—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme using e-cash
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Finance (AREA)
  • Computer Security & Cryptography (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

Bitcoin (RTM) technology is an electronic payment network for the storage of economic value or digital currency and can be used as an electronic financial transaction system between two parties. Bitcoin technology requires a binary digital algorithm that is transparent and authentic as ensured by the authorized self regulated digital financial service system. A blockchain single ledger forms a transaction system which acts as proof of the transfer of currency.

Description

Intellectual Property Office Application No. GII1503131.3 RTM Date:20 August 2015 The following terms are registered trade marks and should be read as such wherever they occur in this document: Bitcoin Intellectual Property Office is an operating name of the Patent Office www.gov.uk /ipo
Description:
Bitcoin Technology is a Computer Software System and Bitcoin Virtual Digital Electronic Currency Protocol. It is a digital financial service and electronic payment system managed by the Bitcoin Blockchain Network.
Bitcoin Technology has four inter related features.
First: The Bitcoin Digital Virtual Electronic Currency Token. Which is a Computational hash based Proof of Work that is Times Stamped by its creation with the Bitmark Algorithm Formula.
Second: The Bitcoin Bitmark Algorithm Formula. Which is based on Computational CPU Power in the Block of Chains inters connected by the Bitmark Algorithm Software in the Network by hashing them continuously; that is the basis for Bitcoin authenticity. Bitmark Algorithm Formula is a mathematical binary digital method.
Third: The Bitcoin Blockchain Single Ledger. Which is the data storage for Bitcoin Transaction. It is the payment network and complete working system of the Bitcoin Protocol. It is the electronic system, which maintain the Bitcoin Transaction.
Fourth: The Bitcoin Software the Bitcoin Technology. Bitcoin is a Digital Financial Service providing system that is digitally managed by binary Bitmark Algorithm. Bitcoin is the digital token or electronic check behalf of economic value, Bitcoin is the Electronic Check, where the economic value is stored electronically and can make transaction electronically over the Internet, Mobile Phone and all other Telecommunication Devices.
GB1503131.3A 2015-02-11 2015-02-24 Bitcoin technology Withdrawn GB2535237A (en)

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
GB201502316A GB201502316D0 (en) 2015-02-11 2015-02-11 Bitcon technology

Publications (2)

Publication Number Publication Date
GB201503131D0 GB201503131D0 (en) 2015-04-08
GB2535237A true GB2535237A (en) 2016-08-17

Family

ID=52781464

Family Applications (2)

Application Number Title Priority Date Filing Date
GB201502316A Ceased GB201502316D0 (en) 2015-02-11 2015-02-11 Bitcon technology
GB1503131.3A Withdrawn GB2535237A (en) 2015-02-11 2015-02-24 Bitcoin technology

Family Applications Before (1)

Application Number Title Priority Date Filing Date
GB201502316A Ceased GB201502316D0 (en) 2015-02-11 2015-02-11 Bitcon technology

Country Status (1)

Country Link
GB (2) GB201502316D0 (en)

Cited By (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US10601911B2 (en) 2017-11-16 2020-03-24 International Business Machines Corporation Partitioning of a blockchain ledger
US11151553B2 (en) 2017-03-23 2021-10-19 At&T Intellectual Property I, L.P. Time and geographically restrained blockchain services

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
(WALLACE) 'The Rise and Fall of Bitcoin'; www.wired.com; 23 November 2011 (accessed 20 August 2015) *

Cited By (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US11151553B2 (en) 2017-03-23 2021-10-19 At&T Intellectual Property I, L.P. Time and geographically restrained blockchain services
US10601911B2 (en) 2017-11-16 2020-03-24 International Business Machines Corporation Partitioning of a blockchain ledger

Also Published As

Publication number Publication date
GB201503131D0 (en) 2015-04-08
GB201502316D0 (en) 2015-04-01

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Legal Events

Date Code Title Description
APTC Appeals to the court

Free format text: APPEAL LODGED; APPEAL AGAINST THE DECISION OF THE COMPTROLLER DATED 14 FEBRUARY 2020 WAS LODGED WITH THE PATENTS COURT ON 09 MARCH 2020.

WAP Application withdrawn, taken to be withdrawn or refused ** after publication under section 16(1)